Copyright ©2010 |The Unique Green Boutique
During the NAFTA debate Ross Perot made famous the phrase “the sucking sound you hear will be jobs going into
During his first four years President Obama will have the opportunity to face the spending crises with an equally critical set of solutions. In the absence of scaling back current subsidies for non-renewable energy producers and ethanol not much can be done for fuel and food prices. Simply put, the President will have a two front challenge on domestic economics at the most basic level: Leading Americans to a less expensive way to get to work, and at the same time keep their jobs to feed their families.
There are no mega bucks laying around to tax at high marginal rates that will do us any good in the short run given the enormity of the dollar need to not only sustain this economy but to ameliorate systemic damages created by the massive transfer of funds to Iraq/Afghanistan, OPEC, and other oil producers. Something has to drop out of the expenditure stream. First, and very near term, is funding the
In the short run, the next 12-36 months, relief is likely where reductions in expenditures for phasing out of
Renewable sources of energy are the answer. Furthermore, if history is our guide, we can see that every industrial and technological revolution in history inspired an economic boom. Building an infrastructure for next-generation energies would generate millions of jobs around the world, and revolutionize the automobile industry as well as other industries. Researching, developing, and introducing new transportation technologies that are cleaner, safer, and less environmentally destructive should be, our top national security and economic priority. However, to exclude ocean kinetics is a monumental mistake. T. Boone Pickens and others have a stellar idea to use wind and solar to free up natural gas thereby replacing imported oil. Oil imports account for almost one-third of the total
As prices for traditional energy climb renewables become more viable. However, even at pre-oil price escalation (2003), the kwh cost of wave energy was equal to or below the kwh cost of coal and natural gas.
For instance global commercial transportation costs under our current oil dependence could be reduced by trillions of dollars with a combination of renewable electricity, natural gas, and domestic oil. Particularly, in the